Client Challenges
- As a foreign subsidiary, the company needed to achieve 100% statutory compliance which is one of the challenges for them
- The compliance tasks were occupying the CEO and holding him back from focusing on core business activities.
- No end to end support from auditors.
- No systemic approach to provide required information to parent company
PKC Solutions
PKC helped with complete hand holding and establish an efficient system to handle statutory compliances, finance & payroll operations:
- Worked on making the client compliant with GST, TDS, EPF, ESI, Income Tax, STPI etc.,
- 100% responsibility assumed and timely compliances of the RBI, STPI etc.,
- Rules & Regulation implemented to ensure a strong foundation.
- Represented the company for income tax scrutinies and handled them smoothly.
Results
- 100% COMPLIANCE- Zero non compliances in TDS, GST, EPF, ESI, STPI, RBI
- All IT scrutiny cases are closed with zero liability
- Required financial information is available to prepare consolidated financials
- 100% CEO time saved on non core activities
